BSA Limited (ASX:BSA) (‘BSA or the Company’) advises that it has been verbally notified by NBN Co (nbn) that,
at this stage, it has not been selected as a preferred tenderer on the new nbn Field Services Contract. As a result
of the notification, BSA believes an award to be unlikely and steps are being taken to try and optimise its position in relation to the tender outcome. BSA is planning for all eventualities.
The tender was being pursued in a teaming arrangement with UGL.
The current nbn Unified Field Operations contract, with an expiry date of 30 September 2025 (along with extension options, at nbn’s discretion, up to a maximum of a further 12 months), remains in place. The contract has no volume guarantees however to date, BSA has not received any notifications from nbn around volume changes through to the expiry of the current term of the contract.
The nbn contract is a significant contract of BSA Limited, representing approximately 80% of its revenue in
FY2024.
At this stage, no further information is available. The Company has been planning for a range of tender outcomes
and will now assess the impact of this development along with actively evaluating all strategic options to mitigate
the impact if BSA is not successful in this tender. BSA will update shareholders as further details emerge.
BSA will continue to keep the market informed in accordance with its continuous disclosure obligations.
The Company will release its 1H FY2025 results on Thursday 20 February 2025.
Arno Becker, Joint CEO and CFO, and Richard Bartley, Joint CEO and COO will hold an investor briefing to discuss the
H1 FY2025 results and this announcement at 2.00pm (AEST) on 20 February 2025.
The audio briefing will be streamed live at this time. Access via the BSA Limited company page on the Open Briefing
website:
The presentation slides will also be available through the link.
Participants will need to pre-register for the call at the link below:
Once registered, participants will receive a calendar invite and a unique code, which is to be quoted when dialing into
the call. To ask question participants will need to dial “*1” (star, 1) on their telephone keypad.
Conference ID: 64554
The webcast will open 15 minutes prior to the start of the presentation
i do not hold this share ( but have in the past ) ( sold out in December 2020 @ 33 cents )
this is the main reason i jumped off here ( imo ) perfectly predictable
now the question is … is this a reentry opportunity ?
PS i currently have an order in for NSC which expects to be punished by this ann.
Investee Company Update
NAOS Small Cap Opportunities Company Limited (‘Company’) advises that one of its investee companies,
BSA Limited (‘BSA’) has today announced that it has been verbally notified by NBN Co (‘nbn’) that it has
not been selected as a preferred tenderer on the new nbn Field Services Contract.
The Company owns approximately 31% of BSA and any material change to BSA’s share price, once it
commences trading today, will impact the performance of the Company’s investment portfolio.
The Company will provide a further update about its investment portfolio performance in due course.
Authorised for release by the Board of NAOS Small Cap Opportunities Company Limited
